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Updated over 5 years ago on . Most recent reply

User Stats

15
Posts
3
Votes
Ben Shaikh
  • Rental Property Investor
  • Rochester, NY
3
Votes |
15
Posts

Zero closing cost for a short term loan ( < 2 years)

Ben Shaikh
  • Rental Property Investor
  • Rochester, NY
Posted

Here is my dilemma. I reside in a townhouse valued at 180K and my landlord has run into financial trouble and she needs to sell. I'm hesitant to buy the property because I don't see myself residing in the town for more than 2 years (my work contract completes in 16 months). What are some creative options I should consider:

Credit score: 800

I have the capital to buy the property in cash if i liquidate my preferred stocks yielding around 5%.

Should I consider a home equity credit line?

I appreciate your thoughts.

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